GameStop Appoints Belk CEO Nir Patel As COO
Seven months since the company terminated its COO, GameStop Corp (NYSE: GME) announced today that it is appointing former Belk CEO Nir Patel to assume the role. Prior to this, the function was apparently absorbed by other members of the management team. According to its SEC filing, the position was formally offered to Patel on Thursday. […]
Voyager Digital Records US$102.7 Million In Revenue, US$61.4 Million Net Loss In Fiscal Q3 2022
Voyager Digital Ltd. (TSX: VOYG) announced today its financial results for the fiscal third quarter of 2022, ended March 31, 2022. As it had previously announced, the firm saw its revenue decline quarter-on-quarter to US$102.7 million from Q2 2022’s US$164.8 million but an increase from Q3 2021’s US$60.4 million. Breaking down the topline revenue figure, […]
Kontrol Technologies Posts Q1 Revenues Of $26.6 Million
Kontrol Technologies (NEO: KNR) has seen a slight revenue decline on a quarter over quarter basis. The firm this morning filed its first quarter 2022 financial results, posting revenues of $26.6 million for the period ended March 31, 2022. Revenues of $26.6 million for the quarter were down 7.2% from the $28.7 million in revenue […]
Equinox Gold Suspends Operations At RDM Mine, Withdraws Guidance
Equinox Gold (TSX: EQX) this morning announced that it has halted operations at its RDM Mine in Brazil. The production halt comes as a result of delayed permits related to its tailings storage facility. Presently, the company is awaiting on officials to provide permits for a scheduled tailings storage facility raise on site to be […]
Voyager Digital To Raise US$60 Million At Large Discount To Market
Voyager Digital (TSX: VOYG) is evidently looking for funding. The company this morning indicated that it will be conducting a private placement to raise gross proceeds of US$60.0 million, with the offering to be lead by major investor Alameda Research. The financing will see the company sell shares at a price of C$3.00 per share, […]
Auxly Cannabis Sees Revenues Decline From Fourth Quarter To $22.6 Million
Growth appears to be starting to slow for Auxly Cannabis (TSX: XLY). The firm this morning reported its first quarter 2022 financial results, posting declines in revenue on a quarter over quarter basis. Revenue for the first quarter amounted to $22.6 million on a net basis, down 22.9% on a quarter over quarter basis from […]
Karora: Haywood Upgrades Rating, Lowers Price Target On Q1 Results
On May 12th, Karora Resources Inc. (TSX: KRR) reported its first quarter financial results. The company announced total revenues of $65.27 million, up from $59.28 million a year ago. Though the company saw an increase in its production and processing costs as inflation continues to hit all the mining companies, its costs went from $29.3 […]
United Lithium Expands Into The US, Acquiring Large Land Position In South Dakota
United Lithium Corp. (CSE:ULTH) continued to build its lithium exploration asset portfolio recently by acquiring a significant land position near Custer, South Dakota, in the west and southwest parts of the Black Hills. The company staked over 500 unpatented lode claims covering an area of more than 40 square kilometres. The new property covers public […]
BMO Reduces Endeavour Silver’s Price Target To $5.25
Endeavour Silver Corp. (TSX: EDR) reported its first quarter financial results this past week. The company reported revenues of $57.7 million this quarter, up 67% year over year. Though the company’s net earnings came in flat on a year-over-year basis as inflation has eaten into gross profits. The company saw its net income for the […]
Elon Musk Seeks New Funding to Avoid Tesla Margin Loan for Twitter Acquisition
Elon Musk is allegedly in discussions with several potential investors to finance his potential Twitter (NYSE: TWTR) acquisition (which may now be shelved) and avoid having to take out a $6.25 billion margin loan linked to his Tesla (NASDAQ: TSLA) stock. According to Bloomberg, which cited individuals familiar with the matter, the Tesla CEO’s Morgan […]